Subsequent Events |
3 Months Ended |
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Mar. 31, 2025 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | 14. Subsequent Events Acquisition of FREENOW On April 16, 2025, the Company announced that it had entered into a definitive agreement with Intelligent Apps GmbH (d/b/a FREENOW) pursuant to which Lyft will acquire FREENOW (the "Transaction"), for cash consideration of €175 million, subject to closing adjustments. FREENOW is a leading European multi-mobility application with a taxi offering at its core that will be Lyft’s first expansion outside of North America, beyond bikes and scooters. The Transaction is expected to close in the second half of 2025, subject to the satisfaction of customary closing conditions including the requisite regulatory approvals. The Company is currently evaluating the impact of the acquisition on its financial statements. Share Repurchase Program In May 2025, the Company's board of directors authorized an increase to the Company’s share repurchase program of an additional $250 million of the Company's Class A common stock, for a total overall authorization of up to $750 million. Repurchases may be made from time to time through open market purchases or through privately negotiated transactions subject to market conditions, applicable legal requirements and other relevant factors. The repurchase program does not obligate the Company to acquire any particular amount of its Class A common stock and may be suspended at any time at the Company's discretion. The timing and number of shares repurchased will depend on a variety of factors, including the stock price, business and market conditions, corporate and regulatory requirements, alternative investment opportunities, acquisition opportunities, and other factors.
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